HMRC warning to UK households who could save £2,000 in childcare costs

UK households are being urged to check their eligibility for up to £2,000 in annual support (Image: drKokos via Getty Images)

UK households are being urged to check their eligibility for up to £2,000 in annual support. The Labour Party government and HMRC are encouraging parents to explore whether they could be eligible for financial help with childcare costs.

In a post on X, HMRC asked: "Could you be missing out on childcare savings? Here's what you need to know! Sign up for Tax-Free Childcare and save up to £2,000 a year per child on approved childcare costs."

This funding is exclusively available to couples whose combined income does not exceed £100,000 per year. Those who meet the criteria can receive up to £500 every quarter for each child to assist with childcare costs, am